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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
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- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Riau Bara Harum - Indonesia
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- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
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- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- The University of Queensland
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
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- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
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